Store card to improve my credit mix.

Right now I have a very thin file. One personal loan in good standing, and one closed student loan in good standing. I also only have one credit card that's also in good standing. My AAoA is 5.5 years. I'm looking for a store card to improve my mix of credit.

The only bad thing on my reports is a very old paid collection that's listing themselves as an account with 120 days late.

What are my chances with Macy's or Nordstrom's? Those are about the only store cards I can see myself actually using occasionally. I'd be okay with an inq hit for either of these two, but only if my chances of getting approved were 99%. I just hate having to potentially waste an inquiry on the unknown.

CC Limits Garden Amex Clear $23000, USAA World Amex $15000, USAA Wold MasterCard $15000, BECU Visa $10,000, PenFed Visa $15000. Took a long time to get nice limits and low interest from that first app to BECU for $500 when I first started cleaning up my reports.

Re: Store card to improve my credit mix.

Right now I have a very thin file. One personal loan in good standing, and one closed student loan in good standing. I also only have one credit card that's also in good standing. My AAoA is 5.5 years. I'm looking for a store card to improve my mix of credit.

The only bad thing on my reports is a very old paid collection that's listing themselves as an account with 120 days late.

What are my chances with Macy's or Nordstrom's? Those are about the only store cards I can see myself actually using occasionally. I'd be okay with an inq hit for either of these two, but only if my chances of getting approved were 99%. I just hate having to potentially waste an inquiry on the unknown.

Suggestions? Opinions?

thanks!

If I remember your scores correctly Macy's will work for you. Must app in-store. Do not app on-line. Your card is permanently branded and degraded if you do!

CC Limits Garden Amex Clear $23000, USAA World Amex $15000, USAA Wold MasterCard $15000, BECU Visa $10,000, PenFed Visa $15000. Took a long time to get nice limits and low interest from that first app to BECU for $500 when I first started cleaning up my reports.

Re: Store card to improve my credit mix.

going2tdc wrote:I apped online, had the card for 1 year and went from $300 to $2400.

creditwherecreditisdue wrote:

boireann wrote:Can you tell how much I dread getting a decline on anything? Declines are so crushing after all the work I've put in to my reports!

None of us like being denied. Fortunately I have steered clear of that. But it will happen sooner or later.

If you are going to app Macy's just don't do it online.

Good for you!

According to a Macy's insider who posts elsewhere, if you app online your account is permanently branded and you will never get a Macy's Visa. There are other drawbacks as well. He should know, he works there. If your thinking about a Macy's card go to the store to get it! If you already have one there is nothing you can do about it.

Re: Store card to improve my credit mix.

I applied online and I have always received generous GLI, and I don't care about the Macy's Visa. In my opinion, it isn't a great credit card. The Macy's store card is one of the top store cards for their generous lines and good store perks. I understand others may care about the Macy's Visa, I have just never seen the big deal about it.

CC Limits Garden Amex Clear $23000, USAA World Amex $15000, USAA Wold MasterCard $15000, BECU Visa $10,000, PenFed Visa $15000. Took a long time to get nice limits and low interest from that first app to BECU for $500 when I first started cleaning up my reports.

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